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New York Town Bemoans Roadside ‘Littered’ With Bitcoin Miners — Officials Plan to Impose 90-Day Moratorium
24.7.2021
A St. Lawrence county town located in New York near the Canadian border, Massena, is another region in the state that is having issues with bitcoin miners. According to recent reports from the local WWNY-TV news desk and Reuters, the Massena town supervisor is drafting new regulations for bitcoin...
Compass Mining Partners With Oklo to Power Bitcoin Mining Operations With Advanced Fission
15.7.2021
Bitcoin mining firm Compass Mining announced the company has entered a 20-year partnership with Oklo Inc., a California-based firm that produces clean, emission-free energy via advanced fission. Oklo explains the company is committed to providing 150 megawatts (MW) of clean power to Compass...
Bit Mining Moving 3,000 Bitcoin Mining Machines to Kazakhstan Following China Crackdown
22.6.2021
Shenzhen-based Bit Mining has started shipping bitcoin mining machines to Kazakhstan as the Chinese government cracks down on bitcoin mining operations in the country. Bit Mining Ltd., a mining company based in Shenzhen, announced Monday that “it had successfully delivered its first batch...
Figuring Out How Much Bitcoin Hashrate Resides in Mainland China Still a Mystery
19.6.2021
Over the last few weeks, there have been many reports about crackdowns in China tied to bitcoin mining operations in various provinces. 30-day statistics show the hashrate has been fluctuating wildly, and across the last week it has slid downward roughly 26%. Reports Show Bitcoin Mining Crackdowns...
China’s Qinghai Province Instructs Bitcoin Mining Operations to Shut Down
10.6.2021
Following the report that indicates specific Chinese miners in the Xinjiang region were told by officials to shut down, another agency in Qinghai has informed miners to cease operations in a recently published government mandate. Similarly, the Qinghai Industry and Information Technology...
Beijing’s Distaste for Bitcoin Mining Spreads to Inner Mongolia, Miners Could Face a ‘Social Credit Blacklist’
26.5.2021
Beijing’s recent crackdown on the cryptocurrency industry has found its way into Inner Mongolia according to a recent report. Inner Mongolian officials plan to introduce harsh penalties to bitcoin mining operations using the region’s grid without permission from authorities. New Rules...
Bitcoin Mining Operations Btc.top and Hashcow Cease Offering Services in China
24.5.2021
Following some stern warnings from a few major trade associations and regulators in China, two prominent exchanges, Huobi and Okex, have stopped offering services to Chinese residents. After the two exchanges halted specific services to residents of mainland China, two bitcoin mining operations...
Canaan to Ship 11,760 Next-Generation Bitcoin Miners to a US-Listed Firm, CAN Shares Jump 11%
22.4.2021
On April 21, the bitcoin mining rig manufacturer Canaan announced the firm will be supplying 11,760 next-generation A1246 ASIC Avalonminers to a company called Mawson Infrastructure Group. The announcement notes that the mining units will be dispersed among Mawson’s bitcoin mining operations...
China’s Inner Mongolia Plans to Shut Down Bitcoin Mining Operations by April This Year
2.3.2021
Inner Mongolia, an autonomous region in northern China, is planning to shut down all cryptocurrency mining activities in the area by April 2021, as part of efforts to improve energy efficiency. Regulating the Electrical Consumption in Inner Mongolia The government of Inner Mongolia will also stop...
Nasdaq-Listed Crypto Firm Sued, Accused of Defrauding Investors With Fake Bitcoin Mining Business
24.1.2021
A class-action lawsuit has been filed against a Nasdaq-listed bitcoin mining company. The suit cites a report claiming that the business is “completely fraudulent,” with nonexistent bitcoin mining operations. Lawsuit Alleges Crypto Firm’s Bitcoin Mining Business...
Rapid Profits: Bitcoin Hashrate Accelerates While Mining Difficulty Touches All-Time High
14.1.2021
The Bitcoin network’s hashrate has been operating at very high processing speeds during the last few weeks, as the overall hashrate touched a whopping 171.2 exahash per second (EH/s) on Monday. Moreover, the network’s mining difficulty has also touched an all-time high (ATH) at 20.61...
Russian Oil Giant Provides Excess Gas to Operations Powering Bitcoin Mining Devices
10.1.2021
The firm Gazpromneft, an oil subsidiary of the Russian natural gas and global energy company Gazprom, is giving bitcoin mining operations the chance to power operations by using excess gas for electricity. The Russian firm has allowed a small mining operation to benefit from the excess gas...
Publicly-Listed Bitcoin Mining Operations See Shares Skyrocket, Riot Blockchain Market Cap Reaches $1B
30.12.2020
While bitcoin’s value has captured new all-time price highs, a number of publicly listed bitcoin mining operations have seen significant profits. The U.S.-based firm Riot Blockchain’s market valuation recently obtained a $1 billion capitalization. Meanwhile, a number of other bitcoin...
China’s Coal Standoff Causes Power Shortages, Chinese Bitcoin Miners ‘Heavily Affected’
28.12.2020
Regional reports from China detail that bitcoin miners located in certain areas in South China are running short on electricity. The country has been having massive issues with coal prices soaring across the mainland, as the Chinese government hasn’t been allowing coal carriers into ports....
Sierra Club leads lawsuit against NY town to prevent expanding Bitcoin mining operations
21.12.2020
The lawsuit alleges Greenidge circumvented state laws by seeking regulatory approval "through two separate but interdependent approval applications."
Genesis Mining Is Converting Excess Bitcoin Datacenter Heat Into Greenhouse Power in Sweden
20.12.2020
One of the largest bitcoin mining operations in the world, Genesis Mining, has been working on an experiment with Systemair, Lulea Technical University, Research Institute of Sweden, and the local Boden municipality. The teams in Sweden are developing a system that converts excess heat from...
Bitcoin Miner Marathon Agrees to Deal That Cuts Electricity Costs by 38% With US Power Company
15.10.2020
Nasdaq-listed Marathon Patent Group has agreed to a joint venture deal with U.S. independent power producer Beowulf Energy to deliver cheap electricity for its bitcoin mining operations in the country’s north. In a statement on Tuesday, Marathon said that it will co-locate a bitcoin mining...
Publicly Listed Energy Firm Equinor Exploits Gas Flaring in North Dakota to Mine Bitcoin
21.9.2020
Just recently, the firm Arcane Research recently revealed a number of screenshots from the publicly traded energy firm, Equinor. The pictures show the multinational company leveraging natural gas flaring to power bitcoin mining operations. In recent years, using the unorthodox gas flaring scheme...
2020 Monsoon Season and Dam Stress Threatens Chinese Bitcoin Miners
24.7.2020
Digital currency proponents have been discussing the 2020 monsoon season in East Asia and how there’s a possibility it could wreak havoc on large bitcoin mining operations located in China. Recent estimates note that China has 50% of the world’s bitcoin mining capacity but if mining...
Venezuela Bans Bitcoin Mining Operations in the Country’s Public Housing Sector
18.7.2020
According to the Venezuelan Minister of Habitat and Housing, the government has banned mining operations in any low-income neighborhoods with subsidized housing. Ildemaro Villarroel told the public the restrictions are due to “high power consumption” in those areas. The United Socialist...